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Less than $1000 of used items sold on eBay - NO 1099-K necessary...
Greetings!
I earned less than $1000 from sales of used items on eBay last year. These were all older items that I sold at a loss. Further, eBay did not generate a 1099-K for me, saying "You didn't receive a From 1099-K because your gross amount of payments didn't meet the IRS or state reporting thresholds".
The following Intuit community message...
...has a comment stating that I may still need to report the sales on my tax return, and that someone here in the forum might be able to give me advice on how I should do this. NOTE that I do NOT intend to report any losses for a deduction.
We're using the TurboTax Premium online version that we purchased via a link from our local credit union - but I don't see 'Premium' listed among the dropdown list choices (there's 'Premier', but no 'Premium').
THANK YOU!